The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria has announced that it is offering for subscription and is authorized to receive applications for the Federal Government of Nigeria Savings Bond at the following interest rates:
2-Year FGN Savings Bond due in January 11, 2025 at the rate of 9.6% per annum
3-Year FGN Savings Bond due in January 11, 2026 at the rate of 10.6% per annum
The opening date for the Savings Bond is on January 3, 2023. Closing date is on January 6, 2023, while settlement date is on January 11, 2023.
According to the Debt Management Office (DMO) Coupon Payment Dates for the bond is April 11, July 11, October 11, January 11.
UNITS OF SALE:
N1,000 per unit subject to a minimum Subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50,000,000